Net Sales Up for Martin Marietta

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Published: Monday, 07 May 2012 15:22

Written by Mark Kuhar

May 7, 2012 – Martin Marietta Materials reported that revenue in the first quarter rose to $394 million from $327.9 million a year ago, as net sales rose 21 percent to $350.5 million.
Shipments from heritage aggregates operations increased 9.6 percent in the first quarter on higher demand from both residential and non-residential construction markets. Pricing of materials rose 2.8 percent. The company posted a loss of $36.7 million, due to $25.9 million in expenses from its bid for Vulcan Materials Co. and losses from acquired operations.

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Mark S. Kuhar, Editor

Mark S. Kuhar, editor of Rock Products, has covered the aggregates and construction-materials industries for more than 20 years as a business journalist, associate publisher, blogger and digital-media specialist. He is a former winner of the Construction Writers Association’s Robert F. Boger Award for Editorials. Check back often for his posts, opinions and insights on industry developments, and commentary on topics of interest as he travels around the country. He can be reached at 330-722-4081, or mkuhar@ rockproducts.com.